Freehold included with two self-contained flats
A compact Victorian end-terrace arranged as two self-contained flats with the freehold included — an off-the-shelf buy-to-let for an investor comfortable with modest refurbishment. The building offers immediate income from two lets (one-bed and two-bed) and sits a short walk from Great Yarmouth town centre and seafront, useful for tenant demand.
Internally the properties are broadly serviceable but dated in places: carpets, simple kitchens and some restricted headroom in the two-bed’s upstairs rooms due to sloped ceilings. Construction is pre-1900 solid brick and likely lacks modern wall insulation — factor in potential energy upgrades and maintenance costs.
Financially this unit is income-focused. The two flats currently let at £675 and £595 pcm (total £1,270 pcm), which equates to roughly 10.2% gross on the listed price; the listing also states an annual rental yield of nearly 8%. Council tax is reported very cheap, and running mains gas heating plus double glazing give a reasonable baseline for tenant comfort.
Location strengths include proximity to shops, transport links and several 'Good' primary and secondary schools, supporting steady local rental demand. Material negatives to accept: property in a deprived local area, small plot, average local crime, restricted upstairs headroom, likely need for insulation and cosmetic updating. Investors should budget for minor works and energy improvements when assessing net returns.
